Can I retire at age 45 with 9,700,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $9,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$801,017$793,882$786,921$780,126$773,492$747,237
2 years$396,543$389,158$382,000$375,061$368,329$342,142
3 years$261,736$254,319$247,180$240,305$233,683$208,385
4 years$194,346$186,951$179,883$173,126$166,665$142,449
5 years$153,922$146,572$139,597$132,978$126,696$103,627
6 years$126,982$119,687$112,815$106,343$100,250$78,346
7 years$107,746$100,513$93,750$87,431$81,530$60,788
8 years$93,326$86,158$79,507$73,343$67,637$48,040
9 years$82,117$75,016$68,480$62,472$56,960$38,485
10 years$73,154$66,123$59,702$53,852$48,533$31,149
11 years$65,826$58,866$52,561$46,867$41,740$25,414
12 years$59,723$52,835$46,646$41,109$36,171$20,865
13 years$54,564$47,747$41,675$36,293$31,542$17,216
14 years$50,145$43,401$37,446$32,217$27,649$14,263
15 years$46,319$39,647$33,808$28,732$24,345$11,856
16 years$42,975$36,376$30,652$25,726$21,516$9,881
17 years$40,027$33,501$27,892$23,115$19,078$8,253
18 years$37,409$30,956$25,462$20,831$16,963$6,906
19 years$35,070$28,690$23,309$18,823$15,119$5,788
20 years$32,967$26,660$21,392$17,047$13,505$4,856
21 years$31,067$24,833$19,677$15,472$12,085$4,079
22 years$29,342$23,180$18,135$14,067$10,833$3,430
23 years$27,770$21,680$16,744$12,811$9,724$2,885
24 years$26,330$20,313$15,486$11,685$8,740$2,429
25 years$25,008$19,063$14,343$10,671$7,865$2,046
26 years$23,790$17,916$13,302$9,757$7,084$1,724
27 years$22,663$16,861$12,352$8,931$6,387$1,453
28 years$21,619$15,888$11,483$8,183$5,763$1,225
29 years$20,649$14,988$10,686$7,504$5,204$1,034
30 years$19,745$14,155$9,954$6,887$4,702$872
31 years$18,901$13,381$9,280$6,325$4,251$736
32 years$18,111$12,661$8,658$5,813$3,846$621
33 years$17,371$11,990$8,084$5,345$3,480$524
34 years$16,676$11,364$7,553$4,918$3,151$442
35 years$16,022$10,779$7,062$4,527$2,854$373
36 years$15,406$10,231$6,606$4,170$2,586$315
37 years$14,824$9,717$6,183$3,842$2,344$266
38 years$14,275$9,234$5,790$3,541$2,125$225
39 years$13,754$8,781$5,425$3,265$1,927$190
40 years$13,261$8,354$5,085$3,011$1,748$160
41 years$12,794$7,953$4,768$2,778$1,586$135
42 years$12,350$7,574$4,472$2,564$1,439$114
43 years$11,927$7,216$4,197$2,367$1,306$96
44 years$11,525$6,879$3,939$2,186$1,185$81
45 years$11,142$6,559$3,699$2,018$1,076$69
46 years$10,776$6,257$3,474$1,864$977$58
47 years$10,428$5,971$3,264$1,723$887$49
48 years$10,094$5,701$3,067$1,592$806$41
49 years$9,776$5,444$2,883$1,471$732$35
50 years$9,471$5,200$2,710$1,360$665$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $9,700,000, adding $5,692 every year, while hoping to spend $46,078 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 72/7/21 Blend
44$9,700,000$9,700,000$9,700,000$9,700,000
45$10,695,271$10,181,171$10,030,821$11,410,206
46$11,737,162$10,631,022$10,317,827$12,336,813
47$12,883,782$11,101,371$10,612,903$13,345,296
48$14,145,764$11,593,174$10,916,272$14,448,691
49$15,534,824$12,107,433$11,228,160$15,656,418
50$17,063,875$12,645,195$11,548,801$16,978,848
51$18,747,139$13,207,559$11,878,435$18,427,401
52$20,600,294$13,795,676$12,217,309$20,014,652
53$22,640,610$14,410,750$12,565,675$21,754,449
54$24,887,119$15,054,044$12,923,793$23,662,042
55$27,360,794$15,726,880$13,291,928$25,754,224
56$30,084,741$16,430,644$13,670,354$28,049,494
57$33,084,425$17,166,786$14,059,351$30,568,221
58$36,387,905$17,936,827$14,459,208$33,332,843
59$40,026,099$18,742,359$14,870,219$36,368,074
60$44,033,077$19,585,051$15,292,688$39,701,134
61$48,446,384$20,466,651$15,726,925$43,362,008
62$53,307,388$21,388,990$16,173,251$47,383,726
63$58,661,679$22,353,987$16,631,991$51,802,669
64$64,559,490$23,363,653$17,103,483$56,658,918
65$71,056,179$24,420,093$17,588,071$61,996,625
66$78,212,747$25,525,515$18,086,109$67,864,428
67$86,096,413$26,682,231$18,597,959$74,315,912
68$94,781,251$27,892,664$19,123,995$81,410,109
69$104,348,887$29,159,353$19,664,597$89,212,052
70$114,889,270$30,484,958$20,220,157$97,793,394
71$126,501,521$31,872,267$20,791,079$107,233,071
72$139,294,869$33,324,201$21,377,772$117,618,055
73$153,389,679$34,843,820$21,980,661$129,044,165
74$168,918,592$36,434,333$22,600,179$141,616,973
75$186,027,773$38,099,100$23,236,770$155,452,798
76$204,878,295$39,841,645$23,890,891$170,679,796
77$225,647,655$41,665,659$24,563,009$187,439,176
78$248,531,450$43,575,011$25,253,604$205,886,520
79$273,745,225$45,573,754$25,963,168$226,193,256
80$301,526,509$47,666,139$26,692,204$248,548,268
81$332,137,050$49,856,617$27,441,230$273,159,679
82$365,865,294$52,149,855$28,210,776$300,256,812
83$403,029,101$54,550,746$29,001,385$330,092,346
84$443,978,752$57,064,416$29,813,614$362,944,707
85$489,100,249$59,696,236$30,648,035$399,120,681
86$538,818,963$62,451,839$31,505,231$438,958,317
87$593,603,645$65,337,127$32,385,805$482,830,105
88$653,970,857$68,358,287$33,290,369$531,146,494
89$720,489,843$71,521,802$34,219,555$584,359,758
90$793,787,905$74,834,469$35,174,009$642,968,263
91$874,556,325$78,303,411$36,154,392$707,521,167
92$963,556,889$81,936,097$37,161,382$778,623,598
93$1,061,629,078$85,740,352$38,195,675$856,942,360
94$1,169,697,996$89,724,381$39,257,983$943,212,224
95$1,288,783,101$93,896,785$40,349,034$1,038,242,859
96$1,420,007,827$98,266,578$41,469,577$1,142,926,470
97$1,564,610,195$102,843,209$42,620,377$1,258,246,209
98$1,723,954,493$107,636,584$43,802,217$1,385,285,457
99$1,899,544,162$112,657,088$45,015,903$1,525,238,042
100$2,093,035,987$117,915,605$46,262,256$1,679,419,501